Jeddah : Hospitality Capital Holding Group launched a SAR 500 million investment fund, named the “Wathiq Hajj and Umrah Fund.” This Sharia-compliant fund is approved by the Sharia Supervisory Board appointed for the investment fund.
The fund aims to provide clients with investment opportunities by investing in companies and institutions specializing in Hajj and Umrah services, as well as any supporting services. The goal is to expand and develop these companies and institutions, and all activities related to the Hajj system, thereby creating positive changes in the hospitality and religious tourism sector in the Kingdom and strengthening the national economy.
Hospitality Capital Holding Group, established to transform the religious hospitality experience into a sustainable economic model and enhance the role of the Saudi economic sector, is based on a vision of integrating people and places, making Makkah and Madinah global models for sustainable hospitality management. Through strategic investments and modern technologies, the company seeks to improve the quality of services provided to Hajj and Umrah pilgrims, thus enhancing the visitor experience.
The company’s strategic objectives include building an integrated investment and operational system and transforming the religious hospitality sector into a model based on diversification and innovation. It also aims to maximize the added value of human and technological capital and enhance the guest experience through investment in technological solutions and smart services.
Turki Al-Yahya, CEO of Hospitality Capital Holding Group, affirmed the group’s belief in the importance of expanding its partnerships with the public and private sectors, in line with the objectives of Saudi Vision 2030. He anticipates that these partnerships will contribute to the development of the national hospitality ecosystem, reflecting the company’s commitment to achieving integration among various entities and services.
He noted that Hospitality Capital Holding Group’s entry into the Saudi market enhances competitiveness in the hospitality sector and reflects a trend towards investing in supporting value chains. Furthermore, the expected growth in tourism and hospitality will create new job opportunities and bolster the local economy.
